Latvia - Metal Forming Machinery and Machine Tools Labour Cost Per Employee FTE
Since 2014, Latvia Metal Forming Machinery and Machine Tools Labour Cost Per Employee FTE jumped by 8.1% year on year. In 2019, the country was ranked number 23 among other countries in Metal Forming Machinery and Machine Tools Labour Cost Per Employee FTE at €13.6 Thousand. Latvia is overtaken by Lithuania, which was number 22 at €15.4 Thousand and is followed by Romania at €12.7 Thousand. Switzerland topped the ranking with €94.1 Thousand in 2019, an increase of 3.6% versus 2018. Denmark, Norway and Belgium respectively ranked number 2, 3 and 4 in this ranking. Macedonia witnessed the best average annual growth at +12.2% per year, while Greece witnessed the worst performance at -2.5% per year.
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| Date | Thousand Euros |
|---|---|
| 2019 | 13.60 |
| 2018 | 13.40 |
| 2017 | 12.20 |
| 2016 | 12.10 |
| 2015 | 10.30 |
How does Latvia rank in Metal Forming Machinery and Machine Tools Labour Cost Per Employee FTE?
| # | 27 Countries | Thousand Euros | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Switzerland
|
94.10 | 2019 | +3.6 % | +3.3 % | View data | |
| 2 |
#2
Denmark
|
80.10 | 2019 | +0.3 % | +7.2 % | View data | |
| 22 |
#22
Lithuania
|
15.40 | 2019 | +2.0 % | +6.0 % | View data | |
| 23 |
#23
Latvia
|
13.60 | 2019 | +1.5 % | +8.1 % | View data | |
| 24 |
#24
Romania
|
12.70 | 2019 | +0.8 % | +7.4 % | View data | |